PACCAR Financial Services portfolio up 16%
PACCAR Financial Services, the finance arm of truck manufacturer PACCAR Inc., continued to grow its portfolio in the first quarter of 2023, driven by elevated prices and higher deliveries. PACCAR Financial originated $423.2 million in the first quarter of 2023, up
PACCAR Financial Services profits soar in Q4
PACCAR Financial Services, the finance arm of truck manufacturer PACCAR, posted record profits driven by elevated prices and used-truck sales. PFS’ new business volume clocked in at $6.2 billion for the full year 2022, according to the Q4 earnings release. Growth
Equipment ABS net losses inch up in October
Credit performance in the equipment asset-backed securities (ABS) market was mixed in October as annualized net losses ticked up and 60-plus-days delinquencies dropped across all publicly rated equipment ABS deals. Annualized net losses in Kroll Bond Rating Agency’s Equipment Loan &
